Coinbase Says Banks Misread Stablecoins' Role in Global Finance
Coinbase has fired back at warnings from major banks that stablecoins could threaten traditional deposits and weaken the lending system, arguing that such fears "ignore reality." The crypto exchange insists that stablecoins play a unique role in global finance that is being misunderstood by the banking sector. According to Coinbase's chief policy officer, Faryar Shirzad, [...]